Address
240 Parliament Street, Toronto, ON
Price
$ 299,000
Property Attributes
  • ID#C13503400
  • TypeCommercial
  • Listing Status Price Change
  • CityToronto
  • AreaMoss Park
  • NeighbourhoodMoss Park
  • Postal CodeM5A 3A4
  • StyleRestaurant
  • Taxes$ 31812
  • Price$ 299,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

PRIME RESTAURANT / RETAIL OPPORTUNITY - DOWNTOWN TORONTO Located on Parliament Street between Dundas Street East and Queen Street East, this property enjoys a strategic position in one of Toronto's established and rapidly evolving commercial corridors. The area benefits from strong pedestrian and vehicle traffic and is surrounded by residential communities, businesses, and ongoing redevelopment. AREA HIGHLIGHTS Prime Parliament Street frontage in the heart of Downtown East Toronto. Situated between Dundas Street East and Queen Street East, two of Toronto's major east-west transportation and commercial corridors. High visibility location with excellent exposure to local residents, commuters, and visitors. Growing neighborhood with increasing demand for food, retail, and service-oriented businesses. BUSINESS & FOOD DESTINATION. The area has a long history of successful grocery and specialty food retailers serving diverse communities. More recently, it has become a destination for popular takeout and dining concepts including Indian cuisine, shawarma, kebab, pizza, and other international food offerings. PREMISES Approx. 5,000 sq. ft. of main floor space. Flexible layout with the ability to divide the premises into smaller units. Suitable for restaurant, takeout, grocery, specialty food, retail, service, or other permitted commercial uses, subject to zoning and landlord approval. Excellent opportunity for entrepreneurs, franchise operators, restaurateurs, and expanding businesses. Gross Monthly Rent around $9,854.76. Lease expire Nov-2030 & Additional 5 Years renewal

Price History
6/30/2026 Listed $349,000
8/8/2026 15$299,000

General Features

Cooling Yes
Heater Type Gas Forced Air Closed
Property Subtype Sale Of Business
Tax Year 2026
Lot Depth 0.0
Business Type Restaurant
County Toronto
New Construction No
Property Type Commercial
Attached Garage No
Garage Y/N No
Status Price Change
City Toronto C08
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 31812.15
Building Area Units Square Feet
Standard Status Active
Occupancy Type Owner

Interior Features

Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Elevator? No

Exterior Features

Garage Type None
Spa No
Waterfront Y/N No

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in M5A 3A4

Price
AVG $K
$300K
Visits
AVG 56
255
Data Provided by Inside Real Estate®